Revolution Ventures is the early-stage investing arm of Revolution LLC, the Washington, D.C. investment firm AOL co-founder Steve Case founded in 2005 with Tige Savage and Donn Davis after leaving the AOL Time Warner board. Revolution Ventures itself launched as an institutional fund in 2013, closing $200 million against a $150 million target, built entirely around Case's 'Rise of the Rest' thesis: that great entrepreneurs are being systematically overlooked because too much venture capital concentrates in Silicon Valley, New York, and Boston. That's a related but distinct vehicle from the separately-tracked Rise of the Rest Seed Fund, a Bezos-backed seed-stage fund the same Revolution team launched in 2017 - Revolution Ventures itself focuses on leading Series A rounds nationwide, typically writing $4-8 million first checks. The fund has produced real, repeated exits including Booker (acquired by Mindbody), FitnessKeeper (acquired by Asics), and OrderUp (acquired by Groupon), maintaining top-quartile performance since inception.
Booker's $150 million acquisition by Mindbody in March 2018 - Revolution Ventures participated in Booker's Series A and B rounds, one of several exits including FitnessKeeper (acquired by Asics) and OrderUp (acquired by Groupon)